GoldCore News

Today’s AM fix was USD 1,425.50, EUR 1,066.03 and GBP 919.91 per ounce.
Yesterday’s AM fix was USD 1,411.00, EUR 1,057.80 and GBP 909.38 per ounce.
Gold rose $13.10 or 0.95% yesterday, closing at $1,415.50/oz. Silver rose another $0.16 or 0.66%, closing at $24.46. Platinum fell $20.25/oz to $1,521.75 and palladium edged down 0.1% to $743.22/oz.
Gold and silver are higher in all currencies today. The rupee sharp falls continue and it fell the most in 20 years overnight and gold reached new record highs in the rupee.

Gold Surges Over 90,000 Rupees Per Ounce As Rupee Falls 27% In Less Than 2 Months

26, August

Friday’s AM fix was USD 1,374.50, EUR 1,028.59 and GBP 880.30 per ounce.
Today is the Summer Bank Holiday in the UK.
Gold and silver surged higher Friday after trading sideways in consolidation mode Monday to Thursday. Gold rose 1.6% and silver surged 4% on Friday.
For the week, gold rose $21.70 or 1.7% to $1,396.30/oz and silver rose $0.92 or 3.45% to $23.98/oz.
Platinum was 1% higher to $1,541/oz for the week, while palladium fell 1.6% to $750/oz.

U.K. Gold ‘Exports’ To Switzerland Explode Due To Allocated and Asian Demand

Gold Lending Rates Drop Further On Supply Concerns

19, August

Today’s AM fix was USD 1,375.25, EUR 1,031.39 and GBP 878.47 per ounce.
Friday’s AM fix was USD 1,360.75, EUR 1,020.59 and GBP 870.10 per ounce.
Gold rose $10.10 or 0.74% Friday, closing at $1,373/oz. Silver climbed $0.25 or nearly 1.09%, closing at $23.18. Platinum rose 0.2% to $1,524.49/oz, while palladium increased 0.3% or $2.47 to $761.47/oz.
Gold was up 4.60% and silver surged 13.3% for the week. Silver is up eight sessions in a row and is headed for the longest daily rally since March 2008.

U.S. Fed and Bank of England: QE Still The Order Of The Day

7, August

Today’s AM fix was USD 1,275.50, EUR 960.61 and GBP 838.04 per ounce.
Yesterday’s AM fix was USD 1,292.00, EUR 972.97 and GBP 840.38 per ounce.
Gold fell $17.80 or 1.37% yesterday and closed at $1,283.60/oz. Silver fell $0.16 or 0.82% and closed at $19.52.
Gold continued losses into a third session after comments by a Dallas Fed official ramped up fears that the U.S. Fed could begin tapering soon. Today, the governor of the Bank of England unveiled a Fed-style forward guidance.

LBMA Data: Beyond The Smoke And Mirrors

2, August

Today’s AM fix was USD 1,285.75, EUR 972.34 and GBP 847.84 per ounce.
Yesterday’s AM fix was USD 1,323.75, EUR 999.20 and GBP 870.29 per ounce.
Gold fell $12.50 or 0.94% yesterday and closed at $1,310.30/oz. Silver also followed suit and dropped $0.16 or 0.81% and closed at $19.66.
Gold rose in early Asian trading, then fell back to lose some of its early gains on the back of better than expected economic data. U.S. manufacturers reported best figures since June 2011. Silver finished the day with a gain of 0.81%.